Bank of England meeting today - preview - BoA expect +50bp rate hike, minimal GBP impact

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Bank of England meeting today - preview - BoA expect +50bp rate hike, minimal GBP impact

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</p><ul><li>Bank of America Global Research discusses its expectations for tomorrow's BoE policy decision.</li><li>"With our base case for the Bank Rate path in line with market expectations, we expect the upcoming BoE meeting to have a minimal impact on GBP," BofA notes.</li><li>"We see risks in both directions but on balance dovish. This is primarily because we see risks around the February meeting skewed toward a 25bp rate hike. Still, we expect the BoE to keep its options open this week, reaffirming its data-dependent stance,"BofA adds.</li></ul><p>-</p><p>It's a central bank kinda day:</p><p>European Central Bank press conference at 1345 GMT also. </p>

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Bank of England meeting today - preview - BoA expect +50bp rate hike, minimal GBP impact

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